291 Capp St - Storefront Retail/Residential FOR SALE


San Francisco, CA 94110- Mission
$1,650,000 USD
530-556-9488
291 Capp St, San Francisco, CA for Sale
$1,650,000 USD
Storefront Retail/Residential - FOR SALE
1/20
null | 6.3% Cap Rate

291 Capp St
San Francisco, CA 94110
Mission


HIGHLIGHTS

  • 6.3% In-Place Cap Rate at $1,650,000, supported by actual rents and conservative underwriting
  • Fully Leased Mixed-Use 4-Plex with 3 residential units and 1 retail space
  • Low Expense Profile and immediate cash flow

OVERVIEW

This mixed-use investment offering consists of two adjacent buildings with a diversified residential and commercial unit mix located in an established San Francisco neighborhood. The portfolio includes 3344–3348 18th Street and 291–293 Capp Street, providing a total of four income-producing units comprised of three residential units and one ground-floor retail space. The 3344–3348 18th Street building features a three-bedroom, two-bath residential unit situated above a street-level retail space currently occupied by a neighborhood pizza operator. The offering also includes 291–293 Capp Street, which consists of two additional three-bedroom, two-bath residential units. All units are currently leased, delivering immediate in-place income and stabilized cash flow at acquisition. The property is offered at $1,650,000, reflecting an in-place cap rate of approximately 6.3% based on current operations. The cap rate calculation assumes actual in-place rents, a 5% vacancy allowance, and limited landlord-paid expenses including property taxes, insurance, water, and garbage, along with a recent one-time $6,000 water heater replacement expense. Property taxes are underwritten at an estimated 1.18% of value, and insurance is normalized to market coverage levels. No management fee or additional operating reserves are assumed in the cap rate, consistent with current ownership operations. This offering is priced to reflect existing income, vintage construction, and current expense structure, presenting an attractive opportunity for investors seeking strong yield today with long-term upside through active ownership, expense optimization, and future rent growth. The mixed-use configuration provides income diversification and stability within a supply-constrained San Francisco submarket. Income and expense information is provided for underwriting guidance only and should be independently verified by buyers. Property is offered as-is. Please do not disturb tenants. In-Place 6.3% Cap Rate based on current rents and conservative underwriting Offered at $1,650,000 with immediate cash flow from fully leased units Mixed-Use 4-Plex consisting of 3 residential units and 1 street-level retail space Strong In-Place Income: $148,308 annual gross scheduled rent Diversified Revenue Stream with residential and commercial tenancy Limited Landlord Expenses including only property taxes, insurance, water, and garbage 5% Vacancy Allowance applied for market-standard underwriting Recent Capital Investment: ~$6,000 in water heater replacements completed Vintage San Francisco Construction with long-term value and rent growth potential Stabilized Upside as one-time capital expenses roll off future cash flow Attractive Yield for San Francisco relative to comparable mixed-use offerings As-Is Sale providing flexibility for investors seeking yield today with long-term appreciation

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1911

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,500 SF

ZONING

C-M

APN/PARCEL ID

3575-023

ASK ABOUT THIS PROPERTY

Corey McKinneyeXp CommercialMore Info
530-556-9488

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Corey McKinneyeXp CommercialMore Info
530-556-9488

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.